When buying a home, which is potentially your largest investment involving hundreds of thousands of dollars, you owe it to yourself to inspect it before removing subjects. Here are just a few reasons why:
Some insurance companies won’t insure the property if it has less than a 100 amp service or Poly B piping. Without insurance, in most cases, the bank will not give you a mortgage. This is not something you want to find out at the lawyer's office when you expect to close on your new home and now cant. You want to know what you are buying at a time that the buyer and seller can still be in a position to rectify the situation.
Expensive surprises are not fun. Imagine finding extensive mould that could impact your family's health, or a foundation/structural issue that could cost more than your year's salary to repair.
Disclose, disclose, disclose. Which means if you uncover a problem and you disclose it....the next buyer may not want your home or will take it at a discounted amount./li>
It’s important to know where your main water shut off is as well as other essential elements in the home for future reference.
I always respect and welcome family and friends that say they can inspect a home, but I recommend that you hire a qualified and reputable inspector. The cost of an instructor is a small price to pay in comparison to a missed deficiency by someone who is not insured or a relationship that has been ruined.
Find out more about licensing requirements of a BC property inspector or contact the Canadian Association of Home and Property inspectors (BC).
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